Audjpysell
AUDJPY - SELLPrice has now reached a key level of support, once broken it will be a sell to the green area
We can see in this chart price has tested this area several times last week before bouncing off, i believe we can get a few more short buys in before it starts to fall
ALWAYS wait for confirmation before jumping in!
AUDJPY - SELL
SL - 74.427
TP - 71.418
AUDJPY SHortWe may see downtrend. AUD JPY keep making HL in this week. Price being rejected after testing h1 supply zone. In m15, we see the price creating smaller demand zone. We may see if the price reject the zone or break the zone. If it breaks, we may see bearish downtrend after it hit the purple zone which i already make for pending orders for sell limit. If the price break the H4 supply zone, the bigger read rectangle, we will hit our stoploss. However if the price follow the analysis, we may see TP1 on smaller blue rectangle and TP2 on bigger rectangle. We will update the ideas by time.
audjpy shortThis pair is looking really good for a short set up, if you look on the weekly time frame you'll see that there was a strong bearish retracement candle. Will be looking for a flag structure on this pair for the downside or the possible retest of resistance if it gets there correctively for the downside move. Will definitely be monitoring this closely this week along with gbpjpy and nzdjpy
AUD/JPY Ichimou Short SellsIf you're a member of mine then this will look familiar.
We already grabbed a little profit off the initial drop and I'm looking for that bearish run to continue.
We can enter a sell here at the kumo with a stop loss above recent price structure highs.
I'm targeting price structure to the left as my overall target, but I've also drawn out some partial take profit levels to aim for along the way as well.
If we fail to get rejected at the kumo or if our bearish confirmations change, this setup could become invalidated.
AUDJPY SElLPrice returned to the 61.8 fib level on the retest of the initial down move. Price should TP at the 1.618 extension.
Price pulled back on the second impulse down to the 61.8% fib level.
Will likely go down to lower time frame for a pullback, trendline break for entry to the downside for ~330+ pips.
AUD/JPY - UPDATE >> Entering the MARKET <<Hello traders,
this is just a quick update on the situation on AUDJPY I posted few days ago. I was waiting for some confirmation of the reaction and here it is. :-)
Check the video and let me know, what are your expectations here.
Have a nice day!
John
FINEIGHT Team
AUDJPY: Short term sell setupAUDJPY has reached the critical zone of resistance around 76 - 76.50 and has developed the bearish divergence.
It gives us the short term opportunity to sell once the support from the most recent up trendline and horizontal level around 75.95 is broken.
We can set the sell target around 74.50 which is the next support. The invalidation of this sell trade would be the break above most recent high around 76.75
Please note that the trend on the higher time frames is still bullish and this is only a short term sell trade, therefore set a conservative exposure in this trade.
GOOD LUCK !!! FOR YOUR TRADES AND DON'T HESITATE TO SHOW YOUR SUPPORT IF YOU LIKE THE IDEA
AUD/JPY at a STRONG Resistance! Am I Shorting?Hello traders,
the price of AUDJPY is getting to a pretty strong resistance area and after such a rally that we could see in previous days, retracement can be expected.
Are we going to short the market? Check the analysis in the video. :-)
John
FINEIGHT Team